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Old 19th Mar 2014, 08:26
  #2145 (permalink)  
Angry Rebel
 
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Well it's being working exactly like that for few years now, pay increases and performance boosts e.g. CEO.
Riiiggght.....pretty lazy original statement and vague justification.

Basic pay and pension contributions for both Executive Directors (Macfarlane and Mueller) has been unchanged since they were appointed. Total pay for Mueller was €1,132k, €1,244k and €1,293k in 2010, 2011 and 2012. Large amounts of money I agree, but the increase is driven by performance related bonus. Those are driven by metrics relating to shareholder value and individual performance - check the annual report for details. The share price this time 3 years ago in March 2011 was €0.75 - the share price today is €1.68 - would you complain about that? None of those increases would be driven by things like compensation achieved in court cases and suggesting otherwise is just dopey. I'm no fanboy or apologist for management but I'm not a fan of facts being treated as an obstacle to a good story.
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